Japan suspends Citigroup license

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The Ministry of Finance in Japan said it will suspend CitiGroup’s primary dealing license for Japanese government bonds (JGB).

The ministry of finance said it will suspend the license for one month.

The suspension is coming after Citigroup received an administrative punishment by the country’s financial watchdog, which said it found deficiencies in Citi’s derivative trading.

CitiGroup has not commented on the suspension.

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